The mountain bike market is anticipated to grow rapidly at a CAGR of 10% during the forecast period 2023 – 2030. The global mountain bike market is driven by an increase in accidents during bike riding competitions and importance & awareness of fitness related activities. These factors have helped shape the mountain bike market and are expected to boost the growth.
Companies in the mountain bike market could also face challenges such as a weak supply chain in terms of raw material and highly volatile pricing of materials. The details covered in the mountain bike market report cover all the aspects of the industry. mountain bike market analysts have also shared growth projections in the report and have suggested mountain bike market players to plan growth strategies accordingly.
Market Segmentation
The global mountain bike market has been segmented based on types and applications. On the basis of type, the market for mountain bike is segmented based on all mountain bikes, cross country bikes, freeride bikes, downhill bikes, and dirt jumping bikes. Additionally, the market on the basis of application, is segmented into racing and leisure.
Factors like rise in biking tourism and support from government initiatives as a part of green city projects support the mountain bike market growth. The performance of the mountain bike market has also been studied for the past and current years. Additionally, the mountain bike market report provides analysis of these segments. The mountain bike market segmental analysis provided in the report offers major details about the mountain bike market performance and future.
Regional Overview
Companies in the mountain bike market are spread across the world. The mountain bike market report provides major information about regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The North American mountain bike market has many companies across the United States, Canada, and Mexico. Europe has companies in the mountain bike market across Germany, France, Spain, Italy, and the United Kingdom. A detailed analysis of the mountain bike market across India, China, and Japan in the Asia-Pacific region is also presented in the report. The mountain bike market of the Middle East, Africa, and other regions has also been studied by analysts. The regional analysis of the mountain bike market can be found in the market research report.
Competitive Landscape
The mountain bike market is supported by the availability of a wide range of products and easy access to a wide selection of bikes through offline and online distribution channels. The population growth around the world and increasing demand of mountain bike market based services and products also support the market growth. However, the mountain bike market growth can be affected due to volatility in price of raw material and lack of infrastructure to support biking activities in some regions.
The report covers all such details which will help companies in the mountain bike market to strengthen their business plan and improve their product portfolio. The mountain bike market research report also provides company profiles of major companies. The company profiles of many organizations operating in the mountain bike market report highlights crucial details like company size, revenue growth, and details of mergers and acquisitions taking place in the mountain bike market. New companies and established businesses can plan their strategies based on this data provided in the mountain bike market research report.
Industry News
In operation since 1983, Cycling Sport Store is one of the nation’s best-known stores with five outlets. Abell is active in business associations such as IMBA and, since 2007, has been a member of the Mountain Bike Hall of Fame. Trek’s purchasing in Texas this year is at least the second: this fall, it purchased Bicycles Plus in the Dallas area. Goodale’s, a long-standing New Hampshire supermarket chain of three stores, was also acquired by Trek earlier this year.
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